Welcome to our dedicated page for Malibu Boats news (Ticker: MBUU), a resource for investors and traders seeking the latest updates and insights on Malibu Boats stock.
Malibu Boats (MBUU) delivers premium performance boats and marine innovations through brands like Malibu, Axis, and Cobalt. This news hub provides investors and boating enthusiasts with official updates directly from the company.
Access timely press releases covering financial results, product launches, and strategic partnerships. Our curated collection ensures you stay informed about manufacturing advancements, dealer network expansions, and industry leadership in watersports technology.
Key updates include earnings announcements, operational milestones, and innovations in wake engineering. Bookmark this page for reliable information about MBUU's market position and corporate developments, all sourced from verified company communications.
Malibu Boats, Inc. (Nasdaq: MBUU) has announced the release date for its fourth quarter and full-year fiscal 2024 financial results. The company will disclose these results on Thursday, August 29, 2024, before the market opens. Following the release, a conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss the results.
The call will be hosted by key company executives, including CEO Steve Menneto, CFO Bruce Beckman, and Board Chair Michael Hooks. Investors and analysts can participate by dialing (844) 695-5523 or (412) 317-0699. A live webcast will also be available on the company's Investor Relations website, with a replay accessible for twelve months.
Malibu Boats (MBUU) has unveiled the redesigned 2025 Malibu Wakesetter 25 LSV, featuring a new hull design, increased seating capacity, and innovative features like the Max-Relax Sundeck Loungers and Max Pivot Seat. The company also introduced the Malibu Command Center with a 15.8" touchscreen display and a new operating system for enhanced user experience.
Key innovations include:
- G10+ Tower with built-in RGB lighting and misters
- New Rev 12 Tower Speakers with multi-sync RGB lighting
- AIS ballast flush system for easy cleaning
- Hi-Def Boat Builder tool for online customization
These advancements aim to redefine the watersports towboat experience, combining luxury, technology, and performance for the 2025 model year.
Malibu Boats (Nasdaq: MBUU) has appointed Steven D. Menneto as its new CEO, effective August 5, 2024. Menneto, who will also join the Board of Directors, comes from Polaris where he was President of the Off-Road Vehicle Division. In his previous role, he nearly doubled division revenue to $7 billion over four years. Menneto's appointment ends the Office of the CEO, with Michael K. Hooks remaining as Board Chair and Ritchie Anderson as President.
Menneto's experience includes growing Polaris' Motorcycle Division, increasing Indian Motorcycle's revenue from $3 million to $500 million. The Board cited Menneto's track record of leading growth and his experience across functional areas, especially in sales and distribution management, as key factors in his selection.
Malibu Boats, Inc. announced a decline in net sales by 45.8% in the third quarter of fiscal 2024, with significant decreases in unit volume, gross profit, GAAP net income, and Adjusted EBITDA. The company reported a net loss of $67.8 million, including impairment charges. Despite challenges in the retail market, the company remains focused on returning inventories to stable levels. Malibu Boats anticipates a continued softening in retail demand for the fiscal year 2024 but is confident in its ability to generate positive cash flow and support market growth.
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